In the crypto world, going from $10,000 to $1,000,000 is not just about luck or random chances; there are replicable methods hidden within. I have summarized 9 practical tips. If you grasp these, you too have a chance to earn your first $1 million:
1. If your capital is not much (for example, under $100,000), don’t be greedy. Just seize one definite market opportunity each day; don’t fantasize about always holding positions and making profits every day—the market will never let anyone benefit forever.
2. When there is significant good news, if you haven't sold on the same day, decisively cash out when the market opens high the next day. The arrival of good news often signals a peak; don’t wait until a pullback to regret it; securing profits is more practical than anything else.
3. The news cycle and holidays are the "time codes" for making money. Before major events, reduce your holdings or observe from the sidelines; wait until the market is clear before following the trend to avoid volatility traps, allowing you to make steady progress.
4. For medium to long-term investments, start with a light position to allow for flexibility. Don’t go all in at the start; it’s easy to be overwhelmed by short-term fluctuations. Gradually build your position in batches; accumulating small amounts can lead to significant gains in the long run.
5. In short-term trading, the key is "speed": once you identify a good opportunity, act decisively; if something feels off, withdraw immediately without hesitation. Being greedy and waiting an extra second could turn profits into losses; rhythm is more important than profit.
6. Markets can be fast or slow; learn to "go with the flow". Don’t rush when it’s moving slowly like a snail; don’t chase when it’s moving fast like lightning. Following the right rhythm is more critical than predicting the direction.
7. If you misjudge a price point, cut your losses faster than anyone else. Holding on stubbornly is not persistence; it’s going against your own money. Stop-losses are like insurance for your capital; small losses can help protect your principal, allowing you to fight back later.
8. For short-term monitoring, keep a close eye on the 15-minute candlestick chart. The KDJ indicator can help you catch entry signals; don’t wait until the trend is far gone to chase it; entering at the right moment can give you an advantage.
9. Lastly, and most importantly: mindset determines life or death. The crypto market is highly volatile; when prices rise, don’t get carried away; when they fall, don’t panic. Staying calm allows you to see opportunities clearly. If you can’t stabilize your emotions, even the best strategies will be useless.
Making money in the crypto world is indeed difficult, but with the right methods and discipline, ordinary people can find a way in. Remember: it’s not that the market doesn’t offer opportunities; it’s that most people are not prepared to seize them.
